History is full of Black Swan moments, where everyone expected life to carry on as it had done for decades and then it didn’t. The 9/11 attacks were a Black Swan event, and the Coronavirus pandemic has been a Black Swan event (for some, at least). But there’s another darkly hued large aquatic avian just spreading its wings right now: electric vehicles. Just think of the centuries-old banks that collapsed during the 2008 Black Swan event. This is why the companies behind big oil are getting scared of electric vehicles.

Source: Forbes January 02, 2021 10:07 UTC